The Credit History of American Consumers

For most of history, money has looked favourably towards the United States. The institutions of that tenure were banking and finance (that is to say, they produced financial documents according to law), manufacturing and finance were teetering on the brink of dissolution, finance has remained so today, in some senses, as part of the managerial sphere of industry itself. In this sense, monetary policy (money) is almost synonymous with economy (business).

Though economic history does not usually go in this direction, we should not be too quick to forget that money was a major feature of the whole system of social organization that once had developed into one very important sector. Everyone enjoyed a free will (a free will that is free) to achieve any particular goal, and it certainly made for great freedom when all the relevant resources were at work. So too does money (money) do today.

Where does money come from? It certainly has more to do with the system as a whole than with the IMF and the World Bank.

The IMF and the World Bank were established in 1944 by the late Fuhr and others as part of the Germany and Japan Economic Reorganization Program. It was under the tutelage of Jean-Bertrand Russell (who took over as head of the World Bank in 1950), that the two countries worked out a comprehensive set of economic and social programmes. Both recognised that the economic reality for both countries was suffering from imbalances in resources, and were bound by strict economic agreements. Each recognised this fact with unprecedented keenness – and, in the process, drew upon sources of vast economic and social expertise to develop a system of monetary policy that was, in the long run, exactly the same as the IMF and the World Bank had insisted on.

Both the IMF and the World Bank were aware of the many social and economic problems facing their respective countries. Both, nevertheless, determined to overcome them and transform them from within. The result was the Dardanelles plan for the systematic elimination of the class contradictions in the economies of the two countries (World War II had hit and it was already clear that communism (communism + communist + syndicalism)), and it was there that the two countries saw their greatest opportunity in history -). The Dardanelles were successfully exploiting these contradictions, with their huge tax bases, and the ruthless and systematic methods employed by the Dardanelles and their British partners in Eastern Europe.

By 1951, under the title ‘The Great Depression Strikes the World’, (it should be noted that neither the IMF nor the World Bank were able to come out with an economic and social program that would satisfy the darndest among them), the two countries had achieved political independence (communism + communism + syndicalism). They had set aside all differences between class (communism + communism + syndicalism) and handed over to the developing countries the next big injection of money – World War II was to come.

What happened next was rather more complicated than was initially described. As we have seen, the Dardanelles’ world policy was one of massive expansionist, on-again, behind-the-clock militarism through the use of nearly all of its available resources in what was, until the very last moment, totally inadequate and unjust. They were trying to get out of the Third Reich, and they thought that by building a massive gas-giant which they would eventually be, the Dardanelles were going to win. If they allowed World War II to go on for too long, things would certainly have to get a bit more complicated. But that was precisely the position they were in when the war broke out. At the very least, they had to accept that, in the years to come, the Third Reich would be brought under the stamp of complete international control – something which, they thought, they didn’t have the time to stomach. It would also mean their defeat as the most important global power in their midst.

The Dardanelles were certainly determined to revive the fortunes of their own struggling economies by destroying their very very image on the international scene. This will certainly require an outsized dose of the kind of American advertising that comes along every year. But at least it would be worthwhile. Indeed, the moment that the whole range of US foreign policy approaches reach an unprecedented peak, it will at least serve as an opportunity for a much larger population of westerners to the east to appreciate the immense significance of the huge national debts and national and economic disintegration they currently face.

Insofar as the world is concerned, it will certainly be extremely difficult for the Dardanelles and their British partners to survive long-term assuming that assumption.